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CONSTRUCTION PROJECT
Palm Beach, QLD
The subject site comprises two lots to form an irregular shaped lot that is approximately 817 square metres. A planning permit has been granted for the construction of a nine storey apartment project comprising 9 units. 1 unit will be approximately 350 square metres and will comprise 3 bedrooms, 3 bathrooms and 2 car spaces. 8 units will be approximately 176 to 220 square metres and each will comprise 3 bedrooms, 1 study, 3 bathrooms and 2 car spaces. Palm Beach is located approximately 19 kilometres south from Southport CBD and approximately 93.3 kilometres south-east of Brisbane CBD. Local amenities include shops, public transport, beaches and educational institutions. The surrounding development in the area consists of older style, detached dwellings, newly renovated or newly constructed modern good quality dwellings, prestige detached and unit apartment complexes to the beach frontage, and an increasing number of medium rise unit apartment complexes. Interest is prepaid for the term of the loan. Construction is approximately 21% completed.
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Valuation Reports:

Return: 8.54%* p.a. Fixed
LVR: 52.53%
Months Remaining: 15
Investment Ref: 141208
Total Loan: $25,000,000
Original Term: 24 Months
Credit Coded: No

This investment is being made available by La Trobe Financial Asset Management on a Peer-to-Peer (P2P) basis for your consideration.

*The rate of return on your investment is current at 1 April 2024. The rate of return is not guaranteed and is determined by the performance of the investment you select as disclosed in the SPDS and may be lower than expected. Investment earnings are dependent on the borrower making the payments required under the loan. Payments are generally monthly, but this may be varied by disclosure in the SPDS.

An investment in the Credit Fund is not a bank deposit, and investors risk losing some or all of their principal investment. Past performance is not a reliable indicator of future performance. Withdrawal rights are subject to liquidity and may be delayed or suspended.

La Trobe Financial Asset Management Limited ACN 007 332 363 Australian Financial Services Licence 222213 Australian Credit Licence 222213 is the responsible entity of the La Trobe Australian Credit Fund ARSN 088 178 321. It is important for you to consider the Product Disclosure Statement (PDS) when deciding whether to invest or to continue to invest in the fund. The PDS and Target Market Determination is available our website.

Request SPDS:

Available Investment: $1,540,200
If you would like to invest in this property please provide your details below and we will email an SPDS to you.

New Investor?

Our P2P investments are only available to registered members of our Credit Fund. You will need to register with us to start investing.

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Alternatively please contact our Credit Asset Management Team on 1800 818 818.

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